Read a media report stating that good times are coming to an end for Dollar stores. If you ask me, there appears to be no cloud on the horizon and major Dollar stores like $DG and $DLTR are doing well for sure.
$WRB appointed Miklos Kallo as president of Berkley Regional Specialty. He succeeds Paul McAuliffe, who will retire at the end of the year after 15 years of service with the company. The appointment is effective immediately.
$TEL's BoD approved a recommendation to increase its quarterly dividend from $0.37 to $0.40 per share, for the four fiscal quarters starting in April 2017, the beginning of 3Q. The recommendation would raise annual dividend from $1.48 to $1.60 per share, and will be presented for shareholder approval at its Annual General Meeting on March 8, 2017.
$COO stated that for FY17, the company expects gross margins
to improve to around 64.5%, while operating margin is expected to improve to 25%. On the
interest expense side, $COO expects it to be around $28MM for FY17, which includes the
additional debt from the Wallace acquisition along with an assumption of 125 BP
Geographically, $COO said its EMEA region posted a strong quarter in 4Q16, up 12% in constant currency. Growth was driven by Biofinity and 1-day silicone hydrogel franchise. Asia-Pacific region also had a strong quarter, up 13% in constant currency. In Japan, $COO added that its MyDay, Sphere, and Toric launch is progressing well.